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Tesla (TSLA) Cyclically Adjusted PB Ratio : 38.66 (As of Jun. 25, 2025)


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What is Tesla Cyclically Adjusted PB Ratio?

As of today (2025-06-25), Tesla's current share price is $327.0968. Tesla's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $8.46. Tesla's Cyclically Adjusted PB Ratio for today is 38.66.

The historical rank and industry rank for Tesla's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSLA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 17.14   Med: 48.7   Max: 209.53
Current: 38.3

During the past years, Tesla's highest Cyclically Adjusted PB Ratio was 209.53. The lowest was 17.14. And the median was 48.70.

TSLA's Cyclically Adjusted PB Ratio is ranked worse than
99.22% of 1022 companies
in the Vehicles & Parts industry
Industry Median: 1.25 vs TSLA: 38.30

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Tesla's adjusted book value per share data for the three months ended in Mar. 2025 was $23.184. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $8.46 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesla Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Tesla's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tesla Cyclically Adjusted PB Ratio Chart

Tesla Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 167.89 148.27 32.70 44.72 51.80

Tesla Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.60 29.60 36.14 51.80 30.62

Competitive Comparison of Tesla's Cyclically Adjusted PB Ratio

For the Auto Manufacturers subindustry, Tesla's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tesla's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tesla's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tesla's Cyclically Adjusted PB Ratio falls into.


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Tesla Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Tesla's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=327.0968/8.46
=38.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tesla's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Tesla's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=23.184/134.9266*134.9266
=23.184

Current CPI (Mar. 2025) = 134.9266.

Tesla Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.376 100.684 0.504
201509 0.670 100.392 0.900
201512 0.550 99.792 0.744
201603 0.483 100.470 0.649
201606 1.135 101.688 1.506
201609 1.193 101.861 1.580
201612 1.961 101.863 2.598
201703 2.026 102.862 2.658
201706 2.040 103.349 2.663
201709 1.869 104.136 2.422
201712 1.674 104.011 2.172
201803 1.748 105.290 2.240
201806 1.527 106.317 1.938
201809 1.752 106.507 2.219
201812 1.901 105.998 2.420
201903 1.768 107.251 2.224
201906 2.127 108.070 2.656
201909 2.237 108.329 2.786
201912 2.437 108.420 3.033
202003 3.306 108.902 4.096
202006 3.526 108.767 4.374
202009 5.638 109.815 6.927
202012 7.717 109.897 9.475
202103 7.967 111.754 9.619
202106 8.402 114.631 9.890
202109 8.982 115.734 10.471
202112 9.742 117.630 11.175
202203 10.967 121.301 12.199
202206 11.648 125.017 12.571
202209 12.619 125.227 13.596
202212 14.129 125.222 15.224
202303 15.164 127.348 16.066
202306 16.109 128.729 16.885
202309 16.818 129.860 17.474
202312 19.665 129.419 20.502
202403 20.188 131.776 20.671
202406 20.806 132.554 21.178
202409 21.806 133.029 22.117
202412 22.672 133.157 22.973
202503 23.184 134.927 23.184

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Tesla  (NAS:TSLA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Tesla Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Tesla's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tesla Business Description

Address
1 Tesla Road, Austin, TX, USA, 78725
Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and offer a robotaxi service. Global deliveries in 2024 were a little below 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.
Executives
Ira Matthew Ehrenpreis director 100 SHORELINE HWY, SUITE 282, BLDG. B, MILL VALLEY CA 94941
Kimbal Musk director C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Vaibhav Taneja officer: Chief Accounting Officer 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Robyn M Denholm director 4150 NETWORK CIRCLE, SANTA CLARA CA 95054
Joseph Gebbia director C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
James R Murdoch director C/O LUPA SYSTEMS, 363 LAFAYETTE STREET, NEW YORK NY 10022
Kathleen Wilson-thompson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Xiaotong Zhu officer: SVP, Automotive 1 TESLA ROAD, AUSTIN TX 78725
Andrew D Baglino officer: SVP Powertrain and Energy Eng. 3500 DEER CREEK ROAD, FREMONT CA 94538
Zachary Kirkhorn officer: Chief Financial Officer 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Elon Musk director, 10 percent owner, officer: CEO C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Jerome M Guillen officer: VP Service and Sales Ops 3500 DEER CREEK RD., PALO ALTO CA 94304
Antonio J. Gracias director C/O VALOR EQUITY PARTNERS, 200 SOUTH MICHIGAN AVENUE, SUITE 1020, CHICAGO IL 60604
Hiromichi Mizuno director 1-2-33-A504, KOMAZAWA, SETAGAYA, TOKYO M0 154-0012
Lawrence Joseph Ellison director C/O DELPHI ASSET MGMT CORPORATION, 5525 KIETZKE LANE, SUITE 200, RENO NV 89511